Argentina’s economy contracted 3.5 percent in fourth-quarter 2015

Argentina’s economy was “clearly in recession” toward the end of last year with gross domestic product contracting 3.5 percent in the fourth quarter, the president’s Cabinet chief Marcos Pena said. But the country’s statistics are cloudy as new President Mauricio Macri reforms the government’s data agency, following complaints about inaccurate numbers published by the previous administration.